Basel Committee on Banking Supervision Consultative document Revisions to the Basel II market risk framework Issued for comment by 13 March 2009 January 2009 Contents I. Background and objectives .1 II. Implementation date 3 III. Changes to the standardised measurement method for market risk .3 IV. Changes to the internal models approach to market risk 6 V. Changes to the supervisory review process for market risk 19 VI. Changes to the disclosure requirements for market risk .20 VII. Treatment for illiquid positions .21 Revisions to the Basel II market risk framework i